Corporate value capture and dysfunctional economic †Free Samples

Question: Discuss about the Corporate value capture and dysfunctional economic. Answer: A mission statement characterizes what an organization is by nature, and the reason it exists. The mission statement ought to characterize who the essential clients are, recognize the products or services delivered, and depict the area of work. Facebook- Give people the power to build community and bring the world closer together[1]. Walmart- We save people money so they can live better. Google- Toorganize the worlds information and make it universally accessible and useful. Among the above three mission statements the statement which I find to be the best and most effective is the Facebooks mission statement. This is because the statement not only includes the scope of work for Facebook but also states the responsibilities it wishes to perform. The mission statement states that the main objective of the company is to empower people of sharing what they want and building communities, that is the scope and responsibility of the company. In the next part the mission statement declares its objective of bringing the world closer together. This is the larger objective of the company which also expresses its value and culture. The chosen company in this case is Apple Inc. which is one of the leading technology company of the world. Threat of new entrants- This threat is moderate in the case of Apple Inc. There is less chance of new players to come in due to high requirement of capital and high brand development cost. Rivalry among existing firms- There are many competitors who are aggressively trying to capture the market. Samsung, Sony, Motorola and other brands are using every opportunity to compete. Threat of substitute products/services- This threat is not very high because the products which are available are not qualitatively as superior as Apple. Apple uses very advanced technology and high quality hardware[2]. Bargaining power of buyers- The bargaining power of the buyers in the case of technological devices is quite high, because customers have the option to change the brand whenever they wish to. Bargaining power of suppliers- Apples suppliers do not have much clout in influencing the decision making of the organization, as there are plenty of options for Apple. There are plenty of big suppliers willing to work for Apple. Relative power of other stakeholders- The Government of the countries where Apple operates have significant impact on the company through its law enforcement bodies. Communities and interest groups also exert influence. References: Businessinsider.in. "Facebook Has A New Mission Statement: 'To Bring The World Closer Together'".Business Insider, 2018. https://www.businessinsider.in/Facebook-has-a-new-mission-statement-to-bring-the-world-closer-together/articleshow/59274871.cms. Lehman, Glen, and Colin Haslam. "Accounting for the Apple Inc business model: Corporate value capture and dysfunctional economic and social consequences." InAccounting Forum, vol. 37, no. 4, pp. 245-248. Elsevier, 2013. [1] Businessinsider.in, "Facebook Has A New Mission Statement: 'To Bring The World Closer Together'",Business Insider, 2018, https://www.businessinsider.in/Facebook-has-a-new-mission-statement-to-bring-the-world-closer-together/articleshow/59274871.cms. [2] Lehman, Glen, and Colin Haslam. "Accounting for the Apple Inc business model: Corporate value capture and dysfunctional economic and social consequences." InAccounting Forum, vol. 37, no. 4, pp. 245-248. Elsevier, 2013.